Commerce Bank Has $652,000 Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Commerce Bank continued to hold its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,933 shares of the business services provider’s stock at the close of the 2nd quarter. Commerce Bank’s holdings in Healthcare Services Group were worth $652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio raised its holdings in Healthcare Services Group by 16.9% in the second quarter. Strs Ohio now owns 9,000 shares of the business services provider’s stock worth $421,000 after purchasing an additional 1,300 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of Healthcare Services Group by 1.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 16,580 shares of the business services provider’s stock worth $714,000 after acquiring an additional 250 shares during the period. Aperio Group LLC raised its holdings in shares of Healthcare Services Group by 20.1% during the second quarter. Aperio Group LLC now owns 32,715 shares of the business services provider’s stock worth $1,532,000 after acquiring an additional 5,474 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Healthcare Services Group by 6.6% during the first quarter. Great West Life Assurance Co. Can now owns 101,686 shares of the business services provider’s stock worth $4,382,000 after acquiring an additional 6,307 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Healthcare Services Group by 6.5% during the first quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock worth $294,424,000 after acquiring an additional 418,676 shares during the period. Institutional investors own 91.72% of the company’s stock.

Shares of Healthcare Services Group, Inc. (NASDAQ HCSG) traded down 0.40% during mid-day trading on Thursday, reaching $50.16. 8,581 shares of the company’s stock traded hands. The company has a market cap of $3.67 billion, a P/E ratio of 44.00 and a beta of 0.63. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $54.28. The firm has a 50-day moving average of $51.46 and a 200 day moving average of $47.31.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $470.90 million for the quarter, compared to analysts’ expectations of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Equities analysts forecast that Healthcare Services Group, Inc. will post $1.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be issued a dividend of $0.1888 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio is 65.22%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $56.00 target price (up previously from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of Healthcare Services Group in a research report on Friday, July 7th. BidaskClub downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Healthcare Services Group presently has an average rating of “Buy” and a consensus price target of $53.00.

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In other news, Director Robert J. Moss sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $52.76, for a total transaction of $105,520.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $105,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Briggs sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total value of $126,875.00. Following the sale, the director now directly owns 18,579 shares in the company, valued at $942,884.25. The disclosure for this sale can be found here. Insiders have sold a total of 36,750 shares of company stock worth $1,910,345 over the last ninety days. Insiders own 4.30% of the company’s stock.

Healthcare Services Group Profile

Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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